National Bankshares Increases Hydro One (TSE:H) Price Target to C$40.00

Hydro One (TSE:H) had its price objective raised by National Bankshares from C$39.00 to C$40.00 in a research note released on Thursday morning, BayStreet.CA reports.

A number of other equities analysts also recently weighed in on H. Scotiabank decreased their target price on shares of Hydro One from C$40.00 to C$38.00 and set a sector perform rating for the company in a research note on Monday, April 22nd. CIBC lifted their price objective on Hydro One from C$40.50 to C$41.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of C$40.63.

Hydro One Stock Up 0.1 %

Shares of Hydro One stock opened at C$44.31 on Thursday. Hydro One has a 12-month low of C$32.79 and a 12-month high of C$44.68. The company has a market cap of C$26.56 billion, a P/E ratio of 23.70, a PEG ratio of 3.14 and a beta of 0.34. The company’s fifty day simple moving average is C$41.15 and its two-hundred day simple moving average is C$40.30. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11.

Hydro One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be issued a $0.314 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.83%. Hydro One’s payout ratio is 67.38%.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.